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Friedman Roses, Inc. needs $87,000 in funds for expansion. With a compensating balance requirement of 17%, how much will the firm need to borrow? (Round

Friedman Roses, Inc. needs $87,000 in funds for expansion. With a compensating balance requirement of 17%, how much will the firm need to borrow? (Round your answer to the nearest dollar amount.)

$87,000

$17,819

$104,869

$104,819

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